Skip To Content
    Return to Previous Page

    532 W Vernon Ave

    Los Angeles, CA 90037
    • $899,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: 20-581262
    Price Reduced
    UPDATED: 44 min ago
    $899,000
    • 15
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,000
      SQFT
    • $128
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    School District:

    Description

    Priced To Sell, Won't Last! This fantastic one of a kind development opportunity is located in the highly desirable area nearby USC, DTLA, Exposition Park Entertainment District, L.A. Live Entertainment Complex, Staples Center & L.A. Convention Center plus easy access to the 110 freeway. Calling all developers, flippers, and owners/users who are looking to build their State-of-the-art 8 NON-RENT CONTROL Luxurious Units Apartment Building With Rooftop Deck Over Above-Grade Parking Garage; each unit is about 900 SQFT with open floor plan, middle island or bar in the kitchen, a master suite with its own bath & walk-in closet plus a private balcony, and W/D in unit. The property is shovel-ready and comes with a city-approved set of plans to build a beautifully designed modern building. Construction could start immediately after the COE. Seller will provide the permit-ready plans, survey, and soils report at the COE. Don't miss out on this rare opportunity with tremendous upside potential.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-12T20:42:18.3. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/106578022
    Print Image

    532 W Vernon Ave Los Angeles, CA 90037

    • Price: $899,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: 20-581262
    15
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,000
    SQFT
    $128
    $/SQFT
    2020
    Built
    Neighborhood:
    Not In A Development
    County:
    Los Angeles
    Area:
    Downtown L.A.
    School District:
    Los Angeles Unified
    Property Description
    Priced To Sell, Won't Last! This fantastic one of a kind development opportunity is located in the highly desirable area nearby USC, DTLA, Exposition Park Entertainment District, L.A. Live Entertainment Complex, Staples Center & L.A. Convention Center plus easy access to the 110 freeway. Calling all developers, flippers, and owners/users who are looking to build their State-of-the-art 8 NON-RENT CONTROL Luxurious Units Apartment Building With Rooftop Deck Over Above-Grade Parking Garage; each unit is about 900 SQFT with open floor plan, middle island or bar in the kitchen, a master suite with its own bath & walk-in closet plus a private balcony, and W/D in unit. The property is shovel-ready and comes with a city-approved set of plans to build a beautifully designed modern building. Construction could start immediately after the COE. Seller will provide the permit-ready plans, survey, and soils report at the COE. Don't miss out on this rare opportunity with tremendous upside potential.
    Exterior Features

    Covered Parking 15 Lot Size Area 7246 Other Structures None Parking Garage Above Street LevelAuto Driveway GateControlled EntranceDirect EntranceDoor OpenerDriveway - ConcreteGarage Is AttachedGatedOn StreetParking For Guests - OnsitePrivate Garage Paved YN No Total Parking 15

    Interior Features

    Baths Total 16.00 Cooling Central Equipment Other Heating Central

    Property Features

    ADACompliance Yes Alley YN No Gross Income 324000 Gross Operating Income 324000 Like Units1 7 Like Units2 1 Net Operating Income 275000.00 Number Of Buildings 1 Number Of Units 8 Rent Control YN No Sale Type Standard Source Living Area Developer Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 49000 Type Of Units Luxury Units Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Antoine Bitar DRE#01997840 of Douglas Elliman Of California, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-12T20:42:18.3. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-581262-3.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-581262-3.jpg
    Logo
    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355